, Malaysia

RHB delays pursuit of Bank Mestika

RHB Capital has put on hold its application to acquire Indonesia's PT Bank Mestika Dharma amid Bank Indonesia's plans to limit single-party ownership in commercial banks to not more than 50%.



“It is too early for us to comment further at this stage as there is no clarity on the outcome of the new ruling.
“We continue to closely monitor the developments,” RHB Cap told The Star.


RHB Cap's decision to put on hold its proposed buy of Bank Mestika comes

However, this is still at the assessment stage.

RHB Cap had earlier stated its intention to buy 80% in Bank Mestika for RM 1.16 billion.

If RHB Cap aborts its plan to buy Bank Mestika, it will be the second local bank to do so after Affin Holdings Bhd said last month that it had cancelled its plan to acquire Indonesia's PT Bank Ina Perdana following reports that the country was planning to impose the limit on single-party ownership.

Join Asian Banking & Finance community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!